AirBNB/VRBO property owners, what are your best practices when it comes to vacation rentals?
I have the opportunity to purchase a house in a beach town that would double as both a vacation home for myself and a short term rental property. This would be my first foray into the world of...
I have the opportunity to purchase a house in a beach town that would double as both a vacation home for myself and a short term rental property. This would be my first foray into the world of short term rentals so I was hoping to get your general advice, guidance, and experience.
I should mention that I think I've got a pretty good grasp on the financial aspects of it, i.e. the mortgage, rental rates, fees to the town and rental platforms, taxes, insurance, etc.
I'm more curious about things such as:
- Do you recommend using an umbrella management company to handle cleaning, maintenance, landscaping, etc. or do you outsource an individual cleaning service, handyman, etc.?
- What type of "filtering" do you recommend to make sure you're renting to people who will respect the property?
- What sort of furniture, linens, etc. do you recommend?
- Are there any gotchas that you didn't expect when getting into this line of work?
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